At the start of the twenty-first century, the financial industry in the U.S. and many other high-income European countries was increasingly characterized by:

Question

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At the start of the twenty-first century, the financial industry in the U.S. and many high-income European countries saw significant changes, including the agglomeration of financial activities into large firms, the securitization of loans, and a trend towards deregulation and reduced government oversight. These factors collectively characterized the evolving landscape of the financial sector during this period.

At the Start of the Twenty-First Century, the Financial Industry